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India's Fuel Bill to Rise Without Russian Oil Imports

The Business Guardian

|

August 09, 2025

SBI warns India's crude import bill may surge without discounted Russian oil.

India's Fuel Bill to Rise Without Russian Oil Imports

India's crude oil import bill could increase by USD 9 billion to USD 12 billion, if the country stops buying Russian crude oil, according to a report by the State Bank of India (SBI).

The report noted that if India halted oil imports from Russia for the rest of FY26, the fuel bill might increase by USD 9 billion in FY26 and USD 11.7 billion in FY27 due to increased prices.

SBI stated "if India stopped oil imports from Russia during the rest of FY26, then India's fuel bill might increase by only USD 9 billion".

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यह कहानी The Business Guardian के August 09, 2025 संस्करण से ली गई है।

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